(In a new report from Moody’s, and reported on by SNL, the ratings agency predicts that cheap natural gas could lead to another massive wave of coal-fired power plant closures over the next year and a half.
Coal has been in decline for quite a while. The shale gas revolution that began about a decade ago sparked the first wave of coal retirements. Environmental regulations, including rules on mercury and carbon emissions, are locking in those losses, with almost zero chance of a recovery for coal’s share of the electricity market. Still, the decline was supposed to be somewhat gradual, if painful.)
Me, "Its not just gov. regulations that have been hurting coal country."
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